MAPFRE RE

MAPFRE RE, short for MAPFRE Compañía de Reaseguros S.A., is the global reinsurance arm of MAPFRE Group. In 2024, it earned €7.8 billion in assumed premiums and posted €334 million in profit from reinsurance activities.

History of MAPFRE RE

This division was formed in 1982 as the reinsurance company of Spain’s MAPFRE Group. It quickly began expanding into key global markets through representative offices and acquisitions.

Today, it ranks among the top global reinsurers with a wide and growing international footprint. Other key milestones have helped shape MAPFRE RE’s global reach and market presence:

• 1984: opened its first overseas representative office in Mexico
• 1989: acquired CIAR in Belgium to grow its European base
• 1994: turned the London office into a full reinsurance branch
• 2000: launched MAPFRE Reinsurance Corporation in New Jersey, USA
• 2006: opened a key branch office in Munich to support EU operations
• 2011: opened a Life and Personal Lines branch in Paris
• 2015: received approval for a full branch office in Singapore
• 2017: opened a representative office in Tokyo to support Asia business

In 2024, it took a major step in reinsurance risk management. The company launched its first catastrophe bond through Recoletos Re DAC to protect US exposure.

Reinsurance products and services

MAPFRE RE provides reinsurance solutions through structured products, digital tools, and client services worldwide. Their products include:

Cover across risks

• treaty reinsurance: structured cover for multiple risks under an ongoing contract
• facultative reinsurance: single-risk reinsurance with customized pricing and coverage
• life and health reinsurance: solutions for life, disability, and personal accident portfolios
• non-life reinsurance: support for property, casualty, motor, and specialty risk lines
• retrocession services: protection solutions for other reinsurers managing large exposures

Digital tools

• MARESEL: online guide for medical and Life underwriting by occupation or sport
• online training: closed learning system for clients on reinsurance and risk topics

Partner access platforms

• institutional area: secure portal for registered users to access confidential reinsurance data
• retro area: restricted portal offering retrocessionaire-specific information and resources

MAPFRE RE blends strong technical knowledge with service to help clients grow with confidence. Its mix of global tools and local support makes it a stable and trusted reinsurance partner worldwide.

Culture and core values

The company encourages people to grow, learn, and make a real difference through their talent. It believes time spent at work should feel meaningful, inspiring, and open to self-improvement.

MAPFRE RE offers a comfortable setup with flexible work and focus on learning and teamwork. To back this environment, MAPFRE RE gives its team strong support through benefits like these:

• attractive salaries and social benefits: competitive pay and support for employee well-being
• training programs and talent development: structured learning and development paths
• work/life balance: flexible options that respect personal time
• a positive working environment: inclusive culture focused on trust and teamwork
• work safety: enforced safety policies across all locations
• growth opportunities: career advancement based on skill and performance

This strong workplace culture reflects MAPFRE RE’s deep focus on diversity, growth, and people-first values.

Inclusion and diversity

MAPFRE RE builds a culture with no limits on age, gender, background, or orientation. The company leads with specific inclusion efforts across talent groups and needs:

• female talent: focused action to close gender gaps
• senior talent: tailored programs for five working generations
• disability inclusion: employment plan for intellectual and physical disabilities
• LGBTI inclusion: follows the Standards of Conduct for Business by the UN

It supports fairness by following the principles of the Diversity Charter. Its inclusive culture is backed by policies on equal opportunity, fair pay, and open hiring paths.

Volunteering and social impact

As part of the MAPFRE Group, the company runs a global Corporate Volunteer Program focused on helping at-risk communities. It encourages employees to step out of comfort zones and work with different cultures.

In the US, staff can volunteer one workday without using their PTO. The company sees corporate social responsibility as key to fairness and long-term stability.

The future at MAPFRE RE

The firm is making bold moves to reshape how it grows and serves global reinsurance clients. A new leadership structure is set to guide its next phase across life and non-life lines. Its strategy, innovation, and regional strength will shape its future in a changing market.

MAPFRE RE received an upgraded outlook from Fitch Ratings after reporting its strongest financial year ever in 2024. The reinsurance arm showed solid earnings, balanced growth, and improved capital levels across global markets. The company will have renewed focus on underwriting strength.